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Real Estate Massachusetts-Real-Estate-Salesperson Exam Syllabus Topics:

Real Estate Massachusetts Real Estate Salesperson Sample Questions:

Question 1

A broker may withdraw money from the broker's escrow account

A. To pay for advertising expenses related to the sale.
B. To cover the broker's commission.
C. When the transaction has been consummated.
D. When ordered by the seller's attorney.

Question 2

Broker N has five affiliated salespersons. On Monday at 10:00 a.m., Salesperson J submitted an offer to purchase from a prospective buyer. The offer price was $300,000. An hour later, Salesperson R submitted an offer of $296,000. However, Broker N held the second offer until the seller rejected the first offer. Broker N's conduct in this situation is

A. Permissible as long as both salespeople share a commission on either of the offers accepted by the seller.
B. Not permissible because a broker must inform all potential buyers of existing offers.
C. Not permissible because a broker must present all offers to the principal forthwith.
D. Permissible as long as both salespeople knew of Broker N's action.

Question 3

A buyer makes an offer on a property and asks the Seller's broker to recommend a good home inspector. The Seller's broker may

A. Provide the complete list of home inspectors prepared by the Commonwealth of Massachusetts.
B. Provide a list of no fewer than 20 licensed home inspectors in the county where the property is located.
C. Recommend a specific home inspector.
D. Provide business cards of local home inspectors.

Question 4

In a firm whose business model is designated agency, who represents the client named in the consumer licensee disclosure form?

A. All other designated seller agents
B. Only the individual agent(s) named on the consumer licensee disclosure form
C. All the licensees
D. All other designated buyer agents

Question 5

A private integrated club refused to rent one of its condos to a minority family. The club explained that it did not rent the condos to the public since the condos were for members only. Is the club in violation of the federal Fair Housing Act, and if so, how?

A. No, because as an integrated club, they could discriminate on the basis of race in renting facilities.
B. Yes, because when race is involved, no exceptions to the federal Fair Housing Act exist.
C. No, because a private club may restrict the rental of its own lodgings to its members as long as the lodgings are not operated commercially.
D. Yes, because the club had minority members, and therefore was not eligible for exemptions from the federal Fair Housing Act.

Solutions: